Seasoned trader Peter Brandt is expressing bearish sentiment on Bitcoin (BTC) as the flagship crypto asset’s price hovers about 10% below the all-time high reached three months ago. Brandt tells his 729,100 followers on the social media platform X that Bitcoin is exhibiting a bearish chart pattern on the daily time frame. Based on Brandt’s…
Bitcoin’s price movements for the past few days have been quite painful as the asset slumped to $65,000 yesterday for the first time in about a month. Despite recovering from their lowest positions as well, the altcoins are also deep in the red, with NEAR, FIL, and FET dumping the most. BTC’s Rollercoaster Continues The…
In a striking move that has captured the attention of the cryptocurrency community, a significant whale has transferred 357.2 billion PEPE tokens to Binance amid a notable price dip. This substantial transaction has sparked speculation about the potential impact on the market and what might come next for PEPE. PEPE Market Fluctuations and Whale Activity…
Bloomberg ETF analyst Eric Balchunas says his “best guess as of now” is that spot Ether ETFs will begin trading in the United States before July 2. Spot Ethereum (ETH) exchange-traded funds (ETF) could potentially begin trading in the United States by July 2, according to Bloomberg ETF analyst Eric Balchunas. “We are moving up…
Central bank digital currency (CBDC) payments in international trade will be the norm within the next five years, says Anatoly Aksakov, the influential Russian legislator who heads the State Duma’s Financial Markets Committee. Speaking at the St. Petersburg International Economic Forum, Aksakov added that he expects Russia to make international payments in the digital ruble…
US District Court Judge Jed S Rakoff has endorsed a $4.5 billion settlement plan between Terraform Labs Inc., the SEC, and Do Kwon. This settlement ends legal action following Terraform’s $40 billion collapse in 2022 and puts an industry-wide permanent bar on the defendants. While Terraform goes through the bankruptcy process, the effects of this…
A prominent cryptocurrency analyst has reaffirmed his optimistic outlook on Ondo Finance (ONDO), a digital asset with a $1.6 billion market capitalization that has seen its value surge by over 1,400% since the start of the year. In a post shared on the microblogging platform X (formerly known as Twitter) with their over 217,000 followers,…
Rabby, a Web3 wallet developed by DeBank, has integrated IOTA’s Ethereum Virtual Machine (EVM), significantly enhancing the multi-chain decentralized finance (DeFi) experience for its users, according to the IOTA Foundation Blog. Enhanced Multi-Chain Wallet Experience The integration of IOTA EVM into the Rabby Wallet aims to provide a secure, transparent,…
Data shows that the largest of the Shiba Inu and Ethereum exchange wallets have seen recent withdrawals, a sign that could be bullish for their prices. Shiba Inu, Ethereum, & Chainlink Are Among Coins Seeing Exchange Outflows As explained by the on-chain analytics firm Santiment in a new post on X, the top 10 exchange…
Hunter Horsley, co-founder and CEO of Bitwise, a San Francisco-based cryptocurrency asset management firm, declared that the “digital gold” narrative limits bitcoin’s reach as an investment asset. Horsely stated that, while the “digital gold” representation has been helpful for bitcoin, it has many qualities that put it over gold and it is time to “graduate”…